You don't want to rely on personal credit and personal guarantees forever. You will need access to business credit. By following these three simple steps you can get your business on the financial fast track.
RENO, NV (PRWEB) May 30, 2017
Most businesses will have to borrow capital at some point or another. That borrowing may show itself early on as start-up capital, or it may appear later during a time of critical growth. But most companies will need to know how to get access to funds, which usually means a business loan or business credit card. Unfortunately, for many business owners, building business credit is something of a mystery. Corporate Direct’s “Business Credit Quick Start System,” demystifies the process, so business owners can start building credit the right way.
For only $4, readers will learn from Garret Sutton, Rich Dad Advisor and co-author of “Finance Your Own Business,” how to build their credit foundation, build their references and build ongoing credit. These three steps will put many on the path to financing their business the smart way.
“You don't want to rely on personal credit and personal guarantees forever. You will need access to business credit,” Sutton says. “By following these three simple steps, you can get your business on the financial fast track.”
BUILDING A FOUNDATION
The first step to building business credit is building a strong foundation. This guide will go through the processes required to separate your personal credit from that of your business. On top of simply having a business credit card and a personal one, there are many other considerations that business owners need to think about to ensure they set up their business for strong credit building. Sutton goes into great detail with each piece of advice he provides to ensure readers know exactly what they need to do to build a strong foundation.
“How you set up your business has a profound effect on your ability to build credit,” Sutton says. “Without building a protected business, separate from personal credit, with adequate paths for credit growth, you could end up with credit troubles down the road.”
ACTUALLY BUILDING CREDIT
Sutton provides a detailed guide to building credit references and maintaining business credit. Each piece of advice helps readers navigate the unfamiliar waters of business credit, and provides them with a step-by-step reference guide for success. Each section also includes a collection of useful resources business owners can access to jump-start their business credit journey.
Building credit is not a quick process, but with the steps laid out in this guide, a business owner should have all they need to begin their journey and reap the benefits of setting up their business for long-term success.
Thinking about business credit early can help a business owner find funds when they most need it, and insulate their personal credit from business woes.
“A growing business can run into huge financial roadblocks if the owners are only relying on their personal credit,” Sutton says. “At some point, banks and other lenders say 'No' to further requests. By building business credit and separating it from your personal credit, you have a second track of credit for lenders to review and accept.”
You can purchase the “Business Credit Quick Start System” on Corporate Direct’s website.
ABOUT THE AUTHOR
Garrett Sutton is a nationally acclaimed corporate attorney, asset protection expert and bestselling author. He has more than 30 years of experience helping individuals and businesses determine appropriate corporate structures, limit liability, protect assets, and achieve goals. He is the founder of Corporate Direct and Sutton Law Center, which since 1988 have provided affordable asset protection and corporate formation and maintenance services.
Sutton is highly sought after as a guest speaker and serves as a member of the elite group of Rich Dad Advisors for bestselling author Robert Kiyosaki. He attended Colorado College and the University of California, Berkeley and obtained his law degree from the University of California Hastings College of Law in San Francisco.